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8/18/2005

Economic Report: Millions of Americans face housing crisis

Source: Workers Independent NewsThe federal Department of Housing and Urban Development estimates 5 million U.S. families are facing "crisis level" housing needs. HUD says never before has there been such a large gap between the number of low-income families needing affordable housing and the supply of affordable housing units. A minimum wage worker would have to work 86 hours a week to afford a two bedroom rental unit in the U.S. Housing costs are rising and incomes aren't keeping up.